Treasury Posts Losses on TARP Auctions

By

Jeffrey Sparshott

Jan. 30, 2013 1:12 p.m. ET

WASHINGTON—The U.S. Treasury for the first time auctioned holdings in U.S. banks that had missed a series of dividend payments, allowing the government to close out financial-crisis era investments only at steep discounts.

The Treasury on Wednesday said it would receive $191.3 million in proceeds from the sale of preferred stock and debt it...